Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, has announced the strategic acquisition of Silixa, a UK-based leader in distributed fiber optic sensing solutions, for $21.5 million in cash and up to $16.5 million in earnouts. The deal, which was funded by White Hat Capital Partners’ strategic investment in Luna,…
Tag: Acquire
The word “acquire” is a verb that means to buy or obtain something for oneself, learn or develop a skill, or come to have something as a result of one’s behavior or activities.
GlobalData sells 40% stake in Healthcare division to Inflexion for £446m
LONDON, UK: GlobalData, a leading provider of data and analytics, has announced a major reorganisation of its business and a strategic partnership with Inflexion, a private equity firm. The deal will see Inflexion acquire a 40% stake in GlobalData’s Healthcare division, which offers insights and intelligence on the pharmaceutical, medical device, and biotechnology sectors. The…
Zenith Energy to acquire 50% stake in UK-based Devonian Petroleum
LONDON, UK: Zenith Energy, a Canadian oil and gas company, has announced a deal to buy 50% of Devonian Petroleum Limited, a UK-based private oil company with exploration rights in Kazakhstan, for about $5 million. Devonian owns 99% of DP Energy, a local subsidiary that holds a joint exploration and production contract for the Akkudukski…
Codex Acquisitions signs terms to acquire TNE – Technologies New Energy for up to £33 million
LONDON, UK: Codex Acquisitions plc (LSE: CODX) has entered into non-binding heads of terms (HOTs) to acquire the entire issued share capital of TNE – Technologies New Energy S.A. (TNE), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, in consideration for an issue of new ordinary shares of nominal value 10…
Cordiant’s České Radiokomunikace to acquire Cloud4com and DC Lužice for £52.1mn
LONDON, UK: Cordiant Digital Infrastructure Limited announced that its Czech portfolio company, České Radiokomunikace a.s. (CRA), has agreed to acquire a pair of businesses from Aricoma a.s. in the data centre and cloud services market, Cloud4com and DC Lužice. The transactions represent a significant advance in both the scale and capability of České Radiokomunikace in…
ETC Holdings offers to acquire Shanta Gold Limited for $141.95 million
LONDON, UK: Saturn Resources Ltd, a wholly-owned subsidiary of ETC Holdings (Mauritius) Limited, reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued share capital of Shanta Gold Limited. Under the terms of the acquisition, Shanta shareholders (other than any member of the buyer group) will be…
Orica agrees to buy Terra for CAD 505 million
SYDNEY, AUSTRALIA: Orica, a global leader in mining and infrastructure solutions, has agreed to buy Terra, a Canadian company that offers advanced sensors and data technology for monitoring projects, for CAD$505 million. The deal, which is expected to close in the first half of 2024, will be funded by cash and debt, and will not…
Alternative Income REIT buys Virgin Active club in Streatham for £5.1m
LONDON, UK: Alternative Income REIT PLC (AIRE), a UK commercial property investor, has acquired a Virgin Active leisure club in Streatham, South-West London, for £5.1 million. The deal reflects a high yield of 9.8% and a discount to replacement cost. The company said the purchase redeploys most of the proceeds from the sale of the…
Focusrite plc has acquired Sheriff Technology Limited, trading as OutBoard
LONDON, UK: Focusrite plc (AIM: TUNE), the global music and audio products group supplying hardware and software used by professional and amateur musicians and the entertainment industry, announced the acquisition of Sheriff Technology Limited, trading as OutBoard. The initial cash consideration of £2.37 million will be funded from internal cash resources and existing facilities. There…
Hyperdrive Agile Leadership acquires Scaled OKRs
Hyperdrive Agile Leadership, a leader in agile management solutions, has acquired Scaled OKRs, a premier company in objective and key results (OKR) frameworks, on December 1, 2023. This acquisition marks a new era in the integration of agile methodologies with strategic objective setting, providing clients with a powerful framework to achieve ambitious goals and adapt…
ADM to acquire Revela Foods, a dairy flavor innovator
ADM, a global leader in nutrition, announced today that it has agreed to acquire Revela Foods, a Wisconsin-based company that develops and produces dairy flavor ingredients and solutions. The deal would enhance ADM’s flavors portfolio in the dairy and savory segments, which are worth $1.8 billion and $3.2 billion respectively. Revela Foods, which has been…
Keywords Studios has acquired The Multiplayer Group for £76.5 million
NOTTINGHAM, UK: Keywords Studios has acquired The Multiplayer Group Ltd (MPG), a multiplayer focused game development studio headquartered in Nottingham, UK, for £76.5 million. The Group has acquired the business from Improbable, the metaverse company, which has owned MPG since 2019. MPG is one of the largest and most respected developers of AAA multiplayer games…